MPF exam Regulatory Framework question: function of the MPFA concerning mandatory contributions

Answer: C. making rules or guidelines on their payment and related scheme administration

Answer: making rules or guidelines on their payment and related scheme administration. The MPFA makes rules or guidelines for the payment of mandatory contributions and for the administration of registered schemes with respect to those contributions.Why not the others:• deciding each year which employees may be excused from contributing: exempt persons are set by the legislation, not decided annually by the MPFA.• collecting contributions directly from employers into its own account: contributions are paid to the trustee of the scheme, not to the MPFA.• setting the contribution rate afresh each year by a notice published in the Gazette: the 5% rate is set by the legislation and is not reset each year by the MPFA.Watch out: Candidates think the MPFA collects contributions itself.Rule: The MPFA writes the contribution rules; trustees receive the money.Source: MPF Study Notes, Tenth Edition (June 2026), 2.2.1(f)